Gas stock to end in 11yrs

Staff Correspondent | Published: 02:10, Jan 21,2020

 
 

The existing stock of 10.63 trillion cubic feet gas will come to an end in 11 years if the current rate of production—2,570 million cubic feet per day—continues.

State minister for power, energy and mineral resources Nasrul Hamid told parliament on Monday that the total amount of extractable gas reserve in the country was 10.63 tcf and daily production rate was 2,570 mcf as of January 1 this year.

In a written answer to a query from Awami League lawmaker Mohammad Ebadul Karim, Nasrul also said that the government had taken plans to dig gas wells at prospective places to meet the growing demand of gas.

‘Bangladesh Petroleum Exploration and Production Company Limited has taken initiative to dig two wells to explore gas from 2019 to 2021, 13 wells from 2022 to 2030 and 20 wells from 2031 to 2041,’ he said.

He said that activities were going on under the production sharing contract with international oil companies to explore new gas fields at three blocks in shallow water areas and at another block in the deep water area of the Bay of Bengal.

The work of digging well at the block SS-04 in the shallow water area will start from the last week of this month.

In reply to a query from treasury bench lawmaker Benajir Ahmed, the state minister also said that system loss in electricity had reduced to 9.35 per cent in the 2018-19 fiscal from 14.33 per cent in the 2008-09 fiscal due to the various measures.

While replying to a query from AL lawmaker M Abdul Latif, Nasrul said that there was no shortage of electricity in the country as the production capacity of electricity remained higher than the demand.  

He also said that the government would finalise the draft coal policy very soon.

Nasrul told parliament that a total of 8,318 posts remained vacant under the different departments and companies under the power division.

He said that recruitment process was going on to fill the vacant posts.

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